Apple's Stock Reaches its Highest Price Ever

Apple is having a good Valentine’s Day, as its shares traded above $134.54 today, eclipsing a previous all-time intraday high set in April 2015.

Apple’s market value has now surpassed $700 billion, making it the world’s most valuable company by a sizeable margin. Google parent company Alphabet is second largest with a market cap of around $575 billion, followed by Microsoft at around $500 billion and Berkshire Hathaway at around $412 billion.

Apple analysts Brian White of Drexel Hamilton and Steven Milunovich of UBS, and former analyst turned venture capitalist Gene Munster, are among a larger group of observers who believe Apple’s stock remains undervalued and is likely to rise. AAPL is up over 50% compared to its 52-week low of $89.47 in May 2016.

Update: Apple’s stock price ultimately closed at a record $135.02 after hitting $135.09 a few minutes before the close. The stock has continued to rise slightly in after-hours trading.